February 27, 2010
Harvey Gulf buys Dolphin Marine's fleet
The New Orleans Times Picayune reports that local business man and former New Orleans mayoral candidate John Georges has sold the five vessel fleet of his Dolphin Marine International to Harvey Gulf Marine International in what the newpaper calls "a $100 million deal between local privately held companies."
Harvey Gulf purchased the vessels --but not the company -- in a mostly cash transaction that also involved swapping some boats with Crosby Towing, a privately held company in Lafourche Parish, says the newspaper. It reports that on Thursday, Harvey Gulf was awarded a three-year contract to support Shell Oil exploration and production work in Alaska. "On Friday, in tandem with the Dolphin deal, Harvey Gulf signed a five-year alliance with Exxon-Mobil for all towing services in the Gulf of Mexico," says the report.
The Dolphin Marine fleet consists of five U.S.-flagged towing and anchor handling tugs..
The most powerful of the five, Dolphin III, was built in 2001. With dimensions of 150 ft x 50 ft x 21 ft, it has a bollard pull of approximately 150 Tons.
The oldest of the group, Dolphin V, was built in 1975 and has dimensions of 149.5 ft x 40 ft x 22 ft and a 107 ton bollard pull.
Dolphin I , built in 1998, has dimensions of 134 ft x 40 ft x 19 ft 6 in and a bollard pull of 108.9 tons.
Dolphin II, built in 1999 is 110 ft x 34 ft x 16 ft nd has a boillard pull of 57.4 tons
Dolphin IV was built in 1983 and has dimensions of 120 ft x 34 ft x 16 ft and a bollard pull of 63.3 tons.